LoadsaDosh2
21 May 2015
Delisted! So what happens to shares held in ISA's and Sipp's which can't hold unlisted shares? MAR says it will relist asap but will it?
LoadsaDosh2
20 Apr 2015
Shouldn't existing Nomad have given notice? Not really fair just to walk out forcing the shares into suspension is it?
LoadsaDosh2
20 Apr 2015
Re: Simon Cawkwell gone short Hold ha ha thats a good one; Its suspended so no-one can do anything else.
David116
20 Apr 2015
Re: Simon Cawkwell gone short He did go short @ 48p so if he can buy these back around the pre-suspension offer of 36.5p he will have made a reasonable profit and the share price will benefit. I guess that the underlying assets must be more than the current price so I would probably buy a few more if the share price falls some more.
LoadsaDosh2
20 Apr 2015
Re: Simon Cawkwell gone short Didn't know the existing nomad didn't exist. Was there any warning about the existing nomad pulling out?Actually with shares suspended then Simon C. is up the creek too as he can't buy the shares back and close the position can he?A new nomad might in fact result in a price rise.
BioPharma
20 Apr 2015
Re: Simon Cawkwell gone short Seems Simon got it right yet again. another basket case
LoadsaDosh2
21 Mar 2015
Re: Simon Cawkwell gone short I hate smug shorters; hope he loses his money on this one.
BioPharma
11 Mar 2015
Simon Cawkwell gone short [link]
LoadsaDosh2
11 Mar 2015
Double bottom at 40p completed Looks good for a rebound.As previous poster explained, profit moved to later trading period due to selling rather than renting. Where else can you currently buy a housebuilder at below asset value and below a PE of 10?
duringthewar
27 Feb 2015
Re: this looks v interesting the Express & Star.....high quality journalism!
BioPharma
24 Feb 2015
Re: this looks v interesting Not sure you trust anything previously stated by the company after what's occurred. If profits can be halved on A Friday evening weeks after a positive trading update then doubt you can rely on what they tell you about asset values. Profit warnings are like busses and usually more then one comes along at the same time[link]
duringthewar
24 Feb 2015
this looks v interesting a disastrous few days for Mar City shareholders, but does this present an opportunity?I think it does...The profit warning and associated announcement of the related party transaction, both make Mar look murky, but dig a little deeper and I think you will find significant value at anything sub 50p.The profit warning had to be released due to the timing change of the profit taken on some properties. The properties in question were to be retained as investment properties, but it was subsequently decided to sell them...this means the profit assumed needed to be retracted until the properties are actually sold, and hence the warning....this purely moves the profit into the next reporting period and is purely a timing issue..The related party transaction means £10m cash is to be injected into the PLC...which is +ve and further assets swaps will occur....again, subject to the quality of the assets being assessed by the independent NED's and approved at a shareholder meeting, this is again should be +ve for the PLC.So you are left with a business making £6m+ profit, with £68m of assets currently valued at £50m. This discount looks too big, especially given that the group was expected to make c£15m in 2015....in what is set to be a transformational year.
LoadsaDosh2
23 Feb 2015
Re: Measured punt time I've followed you in but at 47.5p. It's a bit naughty of them to drop this clanger after their trading update which was only three weeks ago; thats why they are getting hammered.
mantrova
23 Feb 2015
Measured punt time Level 2 did get as low as around the 50p mark this morning but quickly eased over that threshold.Now bid/ask 50p v 54p and that seems worthwhile for me to go back in at MAR.m
mantrova
21 Feb 2015
Still to dear to go back in. It's been a big drop and MAR will appear to be at a low price but any re-entry would look better at sub-50p, and would be more sensible.m
